German economy minister sees economic recovery from October
Reuters
Published Jul 05, 2020 01:05
FRANKFURT (Reuters) - Germany's economy may recover from October onwards from the coronavirus pandemic, Economy Minister Peter Altmaier said in a newspaper interview on Sunday.
"I am sure that the downturn of our economy can be stopped after the summer break and that from October onwards, the economy can start growing again in Germany," he told the mass circulation Bild am Sonntag in an interview.
While the economy would shrink by 6% in 2020, growth by over 5% would be possible in 2021, Altmaier said.
His goal was to reach the level that employment was at before the crisis by 2022, and to start heading for regaining full employment after that date, he said.
Altmaier also said that the rate of the spread of the virus in the United Status was a major concern.
"A pandemic that gets out of control there, has big consequences for the world economy," he said.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.